As inflation increases and economic uncertainty becomes deeper, Switzerland is confronted with new pressure to reconsider his Bitcoin strategy. A group of crypto lawyers has launched a referendum and insisted on the Swiss National Bank (SNB) to add Bitcoin to its reserves in addition to gold as a security against global instability.
Swiss National Bank rejects Bitcoin Reserve Push
Despite increasing calls, the SNB remains firm. In a recent meetingSNB chairman Martin Schlegel rejected the idea and called Bitcoin too volatile for the official reserves of Switzerland. Schlegel emphasized the need for assets that are very fluid and stable in value – according to him, Qualities Bitcoin does not consistently provide.
He also released concern about the reliability of Bitcoin and emphasized that it could be confronted with technical problems, as a software -based active. Schlegel underlined that the SNB is currently not intended to include Crypto in his reserve strategy.
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Worldwide trends emphasize the growing interest in crypto reserves
While Switzerland maintains a cautious attitude towards Crypto Regulation, other countries are starting to explore different paths. The United States, for example, started building a Bitcoin reserve with the help of coins seized from criminal research, a movement that causes discussions worldwide.
Yet many governments remain hesitant, with reference to extreme price volatility and operational risks. For the time being, Switzerland seems to be committed to its traditional financial framework, against global trends that are slowly shifting to Bitcoin and digital assets.
The growing debate about the Crypto Regulation and Bitcoin Reserve strategy from Switzerland suggests that the pressure on the SNB may not be easy.
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FAQs
The Central Bank of Switzerland, the SNB, has rejected the idea of adding Bitcoin to his reserves, which refer concern about volatility and technical risks.
The SNB is of the opinion that Bitcoin is too unstable and unpredictable for official reserves and emphasizes the need for assets that are very liquid and safe.
Yes, the United States started collecting Bitcoin of seized assets, which resulted in discussions about the acceptance of Crypto, among other things.
Credit : coinpedia.org
